Rakuten Trade Research Reports

Technical View - Kelington Group Bhd (KGB, 0151)

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Publish date: Wed, 02 Jun 2021, 11:38 AM
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Kelington Group Bhd (KGB, 0151)

KGB closed 0.99% or 2 sen higher to RM2.05 yesterday.

KGB showed signs of rebounding after touching a recent low of RM1.84 as share price has been rising gradually and is now above short-term moving average line. With MACD turning positive, this could suggest opportunity to accumulate for higher upside.

From here, resistance levels are expected at RM2.15 (R1) and next at RM2.48 (R2).

Conversely, support levels are seen at RM1.84(S1) and RM1.70 (S2).

Source: Rakuten Research - 02 Jun 2021

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